With today’s low real-estate prices and mortgage rates, is this the right time to invest in rental property? It could be, though being a landlord can be a challenge even in the best of times. So, before you jump on any seemingly excellent buys on rental property, it’s important to understand your local real-estate market and analyse the deal to see what it would cost you under the worst-case scenario.

Statistics are the key;

  • You need to get data on vacancy days of comparable properties
  • Length of time in tenant turnovers
  • Rental rates in your community
  • General demand

A property might be priced low because rentals are down in that area.